Answer:
True
Explanation:
According to the Internal Revenue Agency (IRS) up to 20% of all tax filings done manually contain errors, while only 0.05% of online tax filings contain errors. That is a huge difference. Some of the most common errors are due to erroneous mathematical calculations. That is why online filing helps a lot since the web services do all the math calculations for you. Another advantage of online filing is that they are review much faster than manual filings.
Demographics can include any statistical factors that influence population growth or decline, but several parameters are particularly important: population size, density, age structure, fecundity, and or mortality.
Answer:
The answer is: equity will increase by $4,000
Explanation:
Since only one third of the contract has been fulfilled, then one third of the money received ($12,000 x 1/3) should be recognized as revenue. A revenue increase will result in a net earnings increase, which will result in an adjustment of the balance sheet's equity.
Answer:
Overhead incurred for may is $8,250
Explanation:
Factory overheads are costs that don not contribute directly to production.They are also know as indirect costs and include items such as insurance costs,administrative expenses, licensing, insurance, facility upkeep costs etc.
In B&T's case factory overhead items include:
a) Indirect labor - $6300
b) Property taxes on production facility - $810
C) Factory heat,lights and power - $970
d) Insurance of plant and equipment <u>- $170</u>
Total factory Overhead for May = Indirect labor + Property taxes on production facility +Factory heat,lights and power + Insurance of plant and equipment
Total factory Overhead for May = 6300 + 810 + 970 + 170 = $8250.
Answer:
-4670 Favorable
Explanation:
actual- standard = variance
variance * actual lbs of material
5.2-6.2=-1*4670=-4670 Favorable
